HERVEY BENHAM CHARThABLE TRusr TRUSTEES. REpoirr FOR THE YEAR ENDED 28 February 2026 and admini5tFative Infmtion set tyjtij) Page l. srRucfuRE GOVERNANCE AND MANAGEMEiir The Trust estsblished by Trust Deod cffl 20 Feiyuary 1978 vthen the late Haw Benham dedded to create a trust for dnIAb PUlFKGe& Under thi£ Trust Deed the t¥)ww to aFy)int Tru&ees, of whth thwe nxt te at least the, is ve51ed In Tntstees the time Up to 2014 all the Trustees 9Ve known the founder FersOr¥g1, whEth t53s been a plannd thntage to the TnJ5t as tw have teen ae to reynd at tins In the way H8 would have ¢kne: as time ty this linkage betyfftn Trustees and founder will be more dIffrU to maintsin. The br&th of knryéd betr the Trust over t Trust's areas of tty al ne& to nwkntain8J. Durlr4J the year revkw ts Trustees cL)ntinu8I to consder the arouThl TnAstee $le59L. pr¢e Tw15 alm1n1til aNI the and objthes d the fuThd are met are set (t In a Managerwt Prof[ d¢Kuma Ths a19) hdF6 malntaln tr£ [Mrtant Ilnks for the Trustees wth the Interest and srt ofthe fDurxler. The Managerrent Protocol dURnt Is now supwrted by rate Flnandal Conlrols and a Pdtie5 t1ment CCNerfng sjth areas as.. risk management. inv&wts. pJnpkng Staff, rronagerrth¢ confllcts of irterest, safeguardlng Inerable nefi0arie5, and Cry.nts haThji. all of whh are annualty as part of the Awllcatk)ns for grants a wwsed Cluk to Tn&ee5, ar dttlded Up by the Truees at their meett'ngs (nomlty quartwfy). Fr meetings were durfThJ this year. and the Tntstees are pkaJ to see of grart athlty remaln at a {also see paragrnth 7 b0W), OBJEcfivES AND ACnV[ The aim5 of the Tru arei exdusfvety, to SUPlN)It. l Artistic and culbjral activits, whith benefft pe of Cdchestw and the Benefiaal kn. 2 IndI(jUa19 wh kyjtentièl artlstk taknL Kr0$5 vtho are held back by phylcal or flnamal dlsadvant&Je or p&9)rk41 droJnnc 3 The FeservaUon of the industrtal tage c Cc4che#er a1 tr Beneflcbl ltrea to%theT wlth marlttn tyadltions of the Essex aTrJ Suffotk coasL 4 The p1vat oftre kKal ltr)ry of ctheS arkl the Baal ARa. 5 Preservthn rfthe l• aThJ enffjnMent Col(thester and tr kkl Area. The IcL71 interests are suFforted ty grants and bans frcrfn tt IrKtyre FurKI. ACHZEvEmEP AND PERFORMAN The totsl contributh)n to the Tryl5 authcftsal in tr r to 28th February 2026 arrainted to £54,247 as 9Jmmarised In 7.2 (2025: £17,560}. Thi5 17 gTrnts as detsil& In Note 7.1 {2025: 12 grants). Many aP1¢atiOnS are reCd from outside the benthlal area of the TrusL or ftr purpose5 whith do )t fft into the aix)ve aim5: tte a rqKJrt&l to the TnL*es and numLtrl O (2025: 5); in addity TrLLStees 1n¥1 10 applfcatkjns in (2025." 10).
HERVEY BENHAM CHARITABLE TRUST TRusfEES' REPORT . contlnued FOR THE YEAR ENDED 28 Febnry 2026 The attrdched finandal Stattsn (Pajes 5 to 12) th Trt&S thiues ft)r U)e year and yj'st to cover all grant OTh¥ts. 10. The Trust Maintai its cakylal reswves in orts lo make grants ¢Jrt cl ts finEnt Incom& li.1 The In¥tt as set ¢yJt at Note 3.1. has 9Jc£es4ulty Inwknnted ty Trustees during this year, wth an incfft on Ccmm(x) I0$tt Fund puCts of 2.98% (2025.. 3.24%. , ,.. The overall irKOt yId on investrwts, IndJ1ng the tash depjsits part of the p)rtfollo, has redutyj dye to gmikr diwdend royffents, trtrt lower t5 of interest r&um5 and came out at 3.21% (2025: 3.41%). 11.2 No olarKJes rrkide to tr InVestrtt FQrt of the tKxfft4b) thts r. Cash deprffjSts CnUed rffi a smllar bags. 11.3 thr the year the overall valuatL of the CcrfTynon Investswt Fund kytyjucts Incread 9.68%. (2025: 8.16%), after thng account rrf Inve5fftnt d05ure In 2025. 11.4 The TnJ5tee5 conttnue to be satlgled that ttsir eXFQ5Lbre tD T1 by t drfty Skdftc ttjmmn InvesIJt prc#Jucts used aTrJ thr Current gJategy to hc4J appMatY 20% of the total Trust's investments in cash. That balartt 5tsnd5 at 12.8% at the ¥KI LI this (2025.. 13.3%}, exduding the Inant CesS held as wrrent assets INDEPENDENT EXAMINATION 12. The tru5tee5 agreed to contsnue wlth aft EK7mlnatkn 14rt thls STATEMENTS OF TRUSTEES. RESPONSI3ILtrIES 13.1 Chaty law requlres the Trustees to wepare finaal slat for each ftnanclal ar vthlch glve tnje and fèlr of the state of affaits of the Charlty fc that year. In epHng those finandal ststements, the Trlthes are reqra1 to:" ' sekct Surtable actoj IdeS and apyty tlvn cCmslty. ' ke Judgennts and estimates that are reanae arKI prudenL' ' prepare the finanoal statern golng t8515 Unl It15 Inapprosylate to assurre that thanty vlll continiE in Iwgness. 13.2 The Trustees are respX)n9b for keeng prOT auntIng records whth dLrlo wlth SOnable accuracy at any time the fiin¢la1 of the Charity and enabfe them to ensure that the finandal Stalent$ comply wlth ts (hadtses kt 2011. They are aLK* safeguardlng the assets of the Charity and hwKe Steps for the ar detth of fraud or other irregularits"es. 13.3 The Trustees have had regard to the a)arity CLynmlsston's 9al guidarKe cffl pu1( tenefit when rthewing their grant nN4king acbvtbes in Tare of the the TrusL on behaLf (rfthe Trus M R Carr ({Jalmn)
HERVEY BENHAM CHARITABLE TRT
TRllmES' REPORT. continued
FOR THE YEAR EFIDÉD 28 February 2026
The atts(l finanaal 3trtetYvts (Pap 5 to 12) refi&ttrTruloJ tst tIr &N¥#)wre tr) rl ts r8Juc&l by the 5peofic
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Trusvs In¥¢rits In Tlwt bae aan(ts at i18Qh at the th15 year (2025: 13.Yh),
INDepENDEpif EXAMIMATIOII
srATE14Ewts Of TRUSTEÉS, RESPOFISI8ILlll
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13.3 The Tn have had to the t1ty cnn¥'S qutdar(e on bwthtwh
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M R Carr lthaiffftanl
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